Seller's Agent in 2025
Spencer Pabst
Pabst, Kinney & Associates
(562) 884-6875
5 in this area
49 Total Sales
1880 Cedar Ave Long Beach, CA 90806
South Wrigley Neighborhood
12
Beds
10
Baths
7,358
Sq Ft
7,958
Sq Ft Lot
Highlights
- Laundry Room
- Rectangular Lot
- Wall Furnace
About This Home
As of March 2025Located in the desirable Wrigley area of Long Beach, 1880 Cedar Ave. is a well-maintained 10 unit garden style apartment building comprised of (3) 2bd/1bth units, (6) 1bd/1bth units, (1) studio, and 7 single car garages. Originally built in 1954, and consisting of 7,358 rentable square feet on a large 7,957 square foot lot. The property is separately metered for gas and electricity, and features gated entry, vinyl pane windows, and community laundry. Priced attractively at $230,000 per unit, and $312.58 per SF, 5.55% CAP RATE on current rents, with room to increase rents. Realistic MARKET CAP RATE of 6.83%. An attractive opportunity for a new owner! The property is in an excellent location in the South Wrigley neighborhood of Long Beach. Residents enjoy convenient access to everyday needs at Wrigley Market, an Albertsons anchored retail center located blocks from the property. Additionally, 1880 Cedar is just over 1.75 miles from the abundance of retail, dining, and entertainment options in Downtown Long Beach. It also benefits from its optimal location near Willow Street, Pacific Coast Highway, and 405 and 710 freeways, providing residents easy access to employment hubs throughout Southern California. The overall demand for well-located and maintained apartment building will be a key driver in the continued growth and success at 1880 Cedar Ave.
Last Agent to Sell the Property
Pabst, Kinney & Associates Brokerage Phone: 562-884-6875 License #01849377 Listed on: 10/02/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 7,957 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Parking
- 7 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Entry on the 1st floor
Interior Spaces
- 7,358 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 12 Bedrooms
- 10 Bathrooms
Utilities
- Wall Furnace
- Private Sewer
Listing and Financial Details
- Tax Lot 15
- Tax Tract Number 5730
- Assessor Parcel Number 7209022004
Community Details
Overview
- 10 Units
- Wrigley Area Subdivision
Amenities
- Laundry Facilities
Building Details
- 10 Leased Units
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $17,380
- Net Operating Income $208,560
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/25/2025 03/25/25 | Sold | $2,100,000 | -8.7% | $285 / Sq Ft |
| 01/20/2025 01/20/25 | Pending | -- | -- | -- |
| 10/02/2024 10/02/24 | For Sale | $2,300,000 | -- | $313 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,514 | $1,030,196 | $515,098 | $515,098 |
| 2024 | $14,514 | $1,009,998 | $504,999 | $504,999 |
| 2023 | $14,255 | $990,196 | $495,098 | $495,098 |
| 2022 | $13,416 | $970,782 | $485,391 | $485,391 |
| 2021 | $13,098 | $951,748 | $475,874 | $475,874 |
| 2019 | $12,911 | $923,520 | $461,760 | $461,760 |
| 2018 | $12,490 | $905,412 | $452,706 | $452,706 |
| 2016 | $11,476 | $870,256 | $435,128 | $435,128 |
| 2015 | $11,039 | $857,184 | $428,592 | $428,592 |
| 2014 | $11,008 | $840,394 | $420,197 | $420,197 |
Source: Public Records
Agents Affiliated with this Home
-
Spencer Pabst
-
Steve Bogoyevac
S
Buyer's Agent in 2025
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1231
2 in this area
82 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24203525
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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